Statutes > New Mexico Statutes > Chapter 48 - Liens and Mortgages. > Article 7 - Mortgages, 48-7-1 through 48-7-24. > Section 48-7-7 - Sale of real property under power of sale; allowed if trustor agrees.

Section 48-7-7 - Sale of real property under power of sale; allowed if trustor agrees.

48-7-7. Sale of real property under power of sale; allowed if trustor agrees.

Except as specifically provided in the Deed of Trust Act [48-10-1 to 48-10-21 NMSA 1978], no real property or any interest in it shall be sold under any power of sale contained in any mortgage, mortgage deed, trust deed or any other written instrument having the effect of a mortgage, which has been executed subsequent to the effective date of Laws 1929, Chapter 139, Section 1.